**REGISTERED CHARITY NUMBER: 1163897**
**Report of the Trustees and**
**Unaudited Financial Statements**
**for the Year Ended 31 December 2020**
**for**
**The Friends of Wimborne Minster**
Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
**The Friends of Wimborne Minster**
## **Contents of the Financial Statements for the Year Ended 31 December 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|13|
|**Detailed Statement of Financial Activities**||14||
**The Friends of Wimborne Minster**
## **Report of the Trustees for the Year Ended 31 December 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2016).
The Trustees who served during the year are listed on page 2. The appointment of Trustees is governed by the Constitution of the charity. The board of Trustees is authorised to appoint new Trustees arising from the resignation or death of an existing Trustee. The board shall consist of not more than twelve members to include the Rector and the two Churchwardens in office. The trustees appoint a chairperson from among their number. They also appoint a secretary and treasurer who do not necessarily need to be trustees.
## **OBJECTIVES AND ACTIVITIES**
## **Constitution and Objects**
The objects of the Charity are the furtherance of any charitable purpose or purposes in connection with the Minster Church of St. Cuthburga at Wimborne Minster and in particular. The charity's objectives are:
1. The preservation, improvement, development, construction and repair of the Minster Church of St. Cuthburga at Wimborne Minster in Dorset and its precincts and any associated buildings (together called the Minster buildings), and the fixtures and fittings, equipment, ornaments and chattels (including the Chained Library) of the Minster buildings.
2. The advancement of the education of the public in the history of the Minster Church and the preservation of its history, including historical records.
3. The pursuit of such charitable objectives, with particular regard to the residents of Wimborne Minster, as the Charity trustees shall decide will benefit the Minster buildings and / or the mission of the Minster Church.
## **Public benefit**
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and are satisfied that the charity has fulfilled its requirements in this respect.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
2020 was to be the year during which the charity celebrated its 75th year following its foundation in 1945 at the end of the war. The year began much as usual, but with some big events planned. In February we had the annual Valentine Coffee Morning, which provided a good social occasion though not raising as much as in previous years.
Not long after this the pandemic took its toll and the country went into its first lockdown. As a result of this the first casualty was the 75th Birthday Concert, which after discussion with the artists concerned was postponed until May 2021. Five years ago when we held a similar event we made a profit of £500, so this income was lost for 2020.
A proposed day trip to Romsey Abbey was cancelled, though this did not cause any financial loss.
A musical setting of the Friends Prayer, commissioned from Sam Hanson, one of our members, for the AGM Choral Evensong was received from the composer and the agreed commission payment was made. However due to restrictions the event was postponed and this piece still awaits its first performance. The postponement of the AGM also meant that our guest preacher, the Dean of Salisbury was unable to attend, though he sent a personal message which was read out at the postponed AGM in September. We hope that this composition may be premiered in 2021.
Given that social gatherings were not permitted the regular Dean's Court Tea did not take place, nor did the double Cuthburga Lecture proposed for the end of September. This latter event would also, judging from past experience, have raise a good sum for the funds, so this again was a loss to our income. The final social event would have been the November Tea Party, and again this was cancelled, but there was no financial loss.
Page 1
**The Friends of Wimborne Minster**
## **Report of the Trustees for the Year Ended 31 December 2020**
## **FINANCIAL REVIEW**
Fund raising produces a modest amount on a regular basis, but apart from the Valentine Coffee Morning there has been no income from fund raising in what should have been a special year for the charity. Many volunteers were unavailable or shielding due to the pandemic and the regular management of the charity was carried on chiefly online by the treasurer and secretary. Fortunately we did receive bequest to the value of £35,000 which partly offset the payment of £95,000 at the end of the year to the Minster for the organ rebuilding which had been agreed previously by the trustees. Membership fees have continued to be collected and with careful management of our investments we find ourselves still in a position to make grants. Overall we are still in a healthy position and have no doubts about continuing to operate according to our constitution requirements.
At 31 December 2020 total funds carried forward came to £310,763 which included restricted funds of £291,617.
The charitable entity has free reserves of (£1,236) as at 31 December 2020 (2019: £36,651). The Trustees consider this level of reserves to be sufficient to deliver charitable objectives for the next twelve months. Free reserves are calculated by deducting fixed assets from the unrestricted (and undesignated) reserves held at the year-end. The charity has negative free reserves due to the fact the unrestricted bank balance as at 31 December 2020 is £173 and creditors falling due within 1 year as at 31 December 2020 is £1,410. As at 31 January 2021, free reserves are £599.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document; it is a charitable incorporated organisation.
The Friends of Wimborne Minster was previously constituted as an Unincorporated Charitable Association under the name Association of Friends of Wimborne Minster (charity number 1064055) until 1 July 2016, when all the assets and liabilities of the previous Charity were assumed by the new Charitable Incorporated Organisation (CIO).
## **Charity constitution**
The charity and its property are administered and managed in accordance with the Constitution adopted in October 2015. The objects of the Charity are the furtherance of any charitable purpose or purposes in connection with the Minster Church of St. Cuthburga at Wimborne Minster.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1163897
## **Principal address**
The Parish Office Church House High Street Wimborne Minster Dorset BH21 1HT
## **Trustees**
F Vine C Feltham Mrs B Sharpe B E Glazier P F Cook M J Sharpe Mrs D Ashton D Steele A N Curtis Rev'd Canon AJW Rowland J Hughes A J Patrick (resigned 30.9.2020) B Jensen (appointed 30.9.2020)
Page 2
**The Friends of Wimborne Minster**
## **Report of the Trustees for the Year Ended 31 December 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ M J Sharpe - Trustee
Page 3
**Independent Examiner's Report to the Trustees of The Friends of Wimborne Minster**
## **Independent examiner's report to the trustees of The Friends of Wimborne Minster**
I report to the charity trustees on my examination of the accounts of The Friends of Wimborne Minster (the Trust) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr I Rodd BSc ACA FCCA Ward Goodman 4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF
Date: .............................................
Page 4
## **The Friends of Wimborne Minster**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
40,209
Investment income
4
3,392
**Total**
43,601
**EXPENDITURE ON**
**Charitable activities**
Charitable Activities
3,886
Net gains/(losses) on investments
-
**NET INCOME/(EXPENDITURE)**
39,715
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
36,651
**TOTAL FUNDS CARRIED FORWARD**
76,366|Restricted
funds
£
4,350
4,149
8,499
106,100
(21,762)
(119,363)
353,761
234,398|2020
Total
funds
£
44,559
7,541
52,100
109,986
(21,762)
(79,648)
390,412
310,764|2019
Total
funds
£
122,984
8,737|
|---|---|---|---|
||||131,721
129,904
38,405|
||||40,222
350,190|
||||390,412|
The notes form part of these financial statements
Page 5
## **The Friends of Wimborne Minster**
## **Balance Sheet 31 December 2020**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Investments
9
77,602
**CURRENT ASSETS**
Cash at bank
174
**CREDITORS**
Amounts falling due within one year
10
(1,410)
**NET CURRENT ASSETS**
(1,236)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
76,366
**ACCRUALS AND DEFERRED INCOME**
11
-
**NET ASSETS**
76,366
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
220,533
13,865
-
13,865
234,398
-
234,398|2020
Total
funds
£
298,135
14,039
(1,410)
12,629
310,764
-
310,764
76,366
234,398
310,764|2019
Total
funds
£
334,898
151,924
(1,410)
150,514
485,412
(95,000)
390,412
36,651
353,761
390,412|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M J Sharpe - Trustee
The notes form part of these financial statements
Page 6
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1. LEGAL FORM**
The Friends of Wimborne Minster is a charitable incorporated organisation, incorporated in England and Wales. The registered office is noted on page 2.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2016)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Debtors and prepayments**
Debtors and prepayments are recognised at the transactional price where an entity has a present obligation resulting from a past event that will probably result in the transfer of funds from a third party to the charity and the amount due to settle the obligation can be measured or estimated reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Investments**
Investments included in the accounts are included at market value. Gains arising from the sale of quoted investments are disclosed in the SOFA as realised gains. Gains arising from changes to the market value of quoted investments are disclosed in the SOFA as unrealised gains.
continued...
Page 7
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their transaction price after allowing for any trade discounts due.
## **3. DONATIONS AND LEGACIES**
|Donations
Gift aid
Legacies
Subscriptions
Donated shares and investments
Events committee income
**4.**
**INVESTMENT INCOME**
Income from investments
Interest received
**5.**
**GRANTS PAYABLE**
Individual or Institution
Wimborne Minster Musical Heritage trust
Wimborne Minster PCC
Mr S B S Hanson
Total grants payable|2020
£
9,350
2,080
30,508
2,455
-
166
44,559
2020
£
7,255
286
7,541|2020
£
9,350
2,080
30,508
2,455
-
166
44,559
2020
£
7,255
286
7,541||2019
£
29,190
-
-
2,295
90,681
818
122,984
2019
£
7,309
1,428
8,737|2019
£
29,190
-
-
2,295
90,681
818
122,984
2019
£
7,309
1,428
8,737|
|---|---|---|---|---|---|
|||2020|||2019|
|||£|||£|
|||||||
|||75,000||95,000||
|||31,100||31,666||
|||500||||
|||||||
|||||||
|||106,600||126,666||
|||||||
## **6. INDEPENDENT EXAMINERS' REMUNERATION**
The Independent Examiners' remuneration for the year ended 31 December 2020 was £1,410 (2019: £1,410)
continued...
Page 8
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
During the year, £nil (2019: £488) was paid to a trustee for travel and conference fees.
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
## **9.**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
18,658
Investment income
742
**Total**
19,400
**EXPENDITURE ON**
**Charitable activities**
Charitable Activities
3,238
Net gains on investments
-
**NET INCOME**
16,162
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
20,489
**TOTAL FUNDS CARRIED FORWARD**
36,651
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2020
Disposals
Revaluations
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|Restricted
Total
funds
funds
£
£
104,326
122,984
7,995
8,737
112,321
131,721
126,666
129,904
38,405
38,405
24,060
40,222
329,701
350,190
353,761
390,412
Listed
investments
£
334,898
(18,369)
(18,394)
298,135
298,135
334,898|
|---|---|
There were no investment assets outside the UK.
continued...
Page 9
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other creditors
**11.**
**ACCRUALS AND DEFERRED INCOME**
Accruals and deferred income
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Transfer from unincorporated charity
Quinquennial fund
The Beaufort & Courtenay Tombs fund
**TOTAL FUNDS**
Net movement in funds, included in the above are a
**Unrestricted funds**
General fund
**Restricted funds**
Transfer from unincorporated charity
Quinquennial fund
The Beaufort & Courtenay Tombs fund
**TOTAL FUNDS**|At 1.1.20
£
36,651
236,191
82,966
34,604
353,761
390,412
s follows:
Incoming
resources
£
43,601
-
3,327
5,172
8,499
52,100|Net
movement
in funds
£
39,715
(84,475)
(8,198)
(26,690)
(119,363)
(79,648)
Resources
expended
£
(3,886)
(80,000)
-
(26,100)
(106,100)
(109,986)|2020
2019
£
£
1,410
1,410
2020
2019
£
£
-
95,000
Transfers
between
At
funds
31.12.20
£
£
-
76,366
6,845
158,561
1,069
75,837
(7,914)
-
-
234,398
-
310,764
Gains and
Movement
losses
in funds
£
£
-
39,715
(4,475)
(84,475)
(11,525)
(8,198)
(5,762)
(26,690)
(21,762)
(119,363)
(21,762)
(79,648)|
|---|---|---|---|
continued...
Page 10
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Transfer from unincorporated charity
Quinquennial fund
The Beaufort & Courtenay Tombs fund
**TOTAL FUNDS**|At 1.1.19
£
20,489
329,701
-
-
329,701
350,190|Net
movement
in funds
£
16,162
(93,510)
82,966
34,604
24,060
40,222|At
31.12.19
£
36,651
236,191
82,966
34,604|
|---|---|---|---|
||||353,761|
||||390,412|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Transfer from unincorporated charity
Quinquennial fund
The Beaufort & Courtenay Tombs fund
**TOTAL FUNDS**|Incoming
resources
£
19,400
3,712
76,992
31,617
112,321
131,721|Resources
expended
£
(3,238)
(126,666)
-
-
(126,666)
(129,904)|Gains and
Movemen
losses
in funds
£
£
-
16,162
29,444
(93,510
5,974
82,966
2,987
34,604
38,405
24,060
38,405
40,222|Gains and
Movemen
losses
in funds
£
£
-
16,162
29,444
(93,510
5,974
82,966
2,987
34,604
38,405
24,060
38,405
40,222|
|---|---|---|---|---|
|||||24,060|
|||||40,222|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Transfer from unincorporated charity
Quinquennial fund
The Beaufort & Courtenay Tombs fund
**TOTAL FUNDS**|At 1.1.19
£
20,489
329,701
-
-
329,701
350,190|Net
movement
in funds
£
55,877
(177,985)
74,768
7,914
(95,303)
(39,426)|Transfers
between
funds
£
-
6,845
1,069
(7,914)
-
-|At
31.12.20
£
76,366
158,561
75,837
-|
|---|---|---|---|---|
|||||234,398|
|||||310,764|
continued...
Page 11
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Transfer from unincorporated charity
Quinquennial fund
The Beaufort & Courtenay Tombs fund
**TOTAL FUNDS**|Incoming
resources
£
63,001
3,712
80,319
36,789
120,820
183,821|Resources
expended
£
(7,124)
(206,666)
-
(26,100)
(232,766)
(239,890)|Gains and
Movement
losses
in funds
£
£
-
55,877
24,969
(177,985)
(5,551)
74,768
(2,775)
7,914
16,643
(95,303)
16,643
(39,426)|
|---|---|---|---|
## **Restricted funds**
Transfer from unincorporated charity - to advance religion by the refurbishment and enrichment of the Wimborne Minster and of its monuments and fittings and to advance the public's education in the history of the Minster and related matters.
Quinquennial fund - to pay for work required by the 2020 Quinquennial Inspection and going forward.
The Beaufort & Courtenay Tombs fund - to be used for any restoration of the Beaufort & Courtenay tombs.
The Beaufort and Courtenay Tombs were restored in 2020 and the residue is now included within the Quinquennial Fund.
## **Transfers between funds**
The transfer of funds from the General Fund to the Transfer Fund is to cover the grants to institutions expenditure in the year.
The transfer of funds between the General Fund and the Beaufort & Courtenay Tombs Fund is to cover the tomb restoration grant in the year.
The transfer of funds between the Quinquennial Fund and the General Fund is for the transfer of investment income received from the investments held within the Quenquennial Fund due to the income being recognised as unrestricted for the last two financial periods.
continued...
Page 12
**The Friends of Wimborne Minster**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2020**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020. (Year end 31 December 2019: £nil).
Page 13
## **The Friends of Wimborne Minster**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Legacies
Subscriptions
Donated shares and investments
Events committee income
**Investment income**
Income from investments
Interest received
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Grants to institutions
Grants to individuals
**Support costs**
**Management**
Insurance
Photocopying and stationery
Advertising
Sundries
Travel and subsistence
**Governance costs**
Independent Examiners' Rem
Total resources expended
**Net (expenditure)/income before gains and**
**losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net (expenditure)/income**|2020
£
9,350
2,080
30,508
2,455
-
166
44,559
7,255
286
7,541
52,100
106,100
500
106,600
826
391
759
-
-
1,976
1,410
109,986
(57,886)
(3,368)
(61,254)|2019
£
29,190
-
-
2,295
90,681
818|
|---|---|---|
|||122,984
7,309
1,428|
|||8,737|
|||131,721
126,666
-|
|||126,666
731
193
-
356
488|
|||1,768
1,470|
|||129,904|
|||1,817
-|
|||1,817|
This page does not form part of the statutory financial statements
Page 14